IBCF III ANNOUNCES ITS INAUGURAL INVESTMENT IN BERRY AVIATION, INC.
January, 2015
IBCF participated in a new portfolio investment totaling $24.0 million of invested capital in Berry Aviation, Inc. ("Berry") with IBCF funding $8 million of the investment. IBCF's portion of the investment in Berry included $7.5 million of secured subordinated term debt and a $0.5 million equity investment for a minority equity ownership position in Berry. IBCF and its co-investors partnered to facilitate a minority recapitalization of Berry and to support its growth initiatives. continued...

Independent Bankers Capital Funds (“IBCF”) are investment capital partnerships headquartered in Dallas, Texas. IBCF focuses on mezzanine lending and purchasing equity securities issued by established lower-middle-market companies, primarily in Texas.

IBCF operates three Small Business Investment Companies (“SBIC”) licensed by the United States Small Business Administration.

Established in 2000, IBCF’s investors are Texas-based independent community banks and financial institutions.

Independent Bankers Capital Fund, L.P. (“Fund I”) was licensed in 2000 and has been fully invested into 12 companies.

Independent Bankers Capital Fund II, L.P. (“Fund II”), was licensed in 2009, began operations January 2010, and is near fully invested into 12 companies.

Independent Bankers Capital Fund III, L.P. (“Fund III”), which was licensed and began operations January 2015, has approximately $101 million of investable capital.